Indonesia's state deposit agency to sell Bank Mutiara by Nov

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JAKARTA, April 29 | Fri Apr 29, 2011 12:22am EDT

JAKARTA, April 29 (Reuters) - Indonesia's state deposit agency (LPS) said on Friday it aimed to sell small lender Bank Mutiara, which the government bailed out in November 2008 during the financial crisis, by November this year.

"In July or August we will announce to the public, so in November we can sell it," said LPS executive director Firdaus Djaelani.

LPS has said it aimed to raise the 6.7 trillion rupiah ($780 million) the government spent for the bailout. [ID:nL3E7ET1EK] ($1 = 8,582.5 rupiah) (Reporting by Rieka Rahadiana; Writing by Aditya Suharmoko; Editing by Neil Chatterjee)

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